Allotment of Sparsha Laghubitta IPO concludes; lucky 25,200 applicants from general category gets 10 units each

Sun, Mar 24, 2019 9:26 AM on IPO/FPO Result News, Stock Market,

The IPO of Sparsha Laghubitta is allotted today i.e. Chaitra 10, 2075 at the premises of Sanima Capital Limited.

The microfinance company was offering 269,630 units ordinary shares to the general public which was in issue from Falgun 26 to Falgun 29, 2075. Out of the offered 269,630 units, 4,148 units have been allotted for the employees of the company and 5% of the issue equal i.e. 13,482 units have been allotted for the mutual funds. The remaining 252,000 units are for the general public.

The issue had received applications from 2,98,938 applicants who had applied for a total of 81,22,940 units. The issue was oversubscribed by more than 32 times.

As per the allotment module, total 25,200 applicants have allotted 10 units each via lottery and remaining 2,73,738 applicants were not allotted.

584 applicants were disqualified.

The IPO result can be accessed by IPO result page.

The paid-up capital will reach Rs 8.29 Crore after the issuance of the public shares. After the IPO issue; public holding will be 32.5% and promoters holding will be 62.5%.